<\/figure>\n\n\n\nMichelle Lozzi, director of experience at internet giant Reddit, struck a more practical tone, saying that real estate decisions were just a small part of their corporate culture. \u201cAt Reddit, experience is not only our global real estate or our workplace\u2014it\u2019s every event and engagement that we produce and create as a company.\u201d Reddit\u2019s not above, she continued, the kind of work spirituality mentioned by Petersen. \u201cTo August\u2019s point about an almost religious-like pilgrimage experience, Reddit has established that we need that physical touchpoint that is the office, we do need to see each other and be in one space in way that is fun, lighthearted and really just drives community.\u201d<\/p>\n\n\n\n
Hughes Marino, a commercial real estate advisory service, was represented by vice president Michelle Bravin, who offered some sobering real estate statistics: \u201cRight now your footprint\u2019s going to shrink by 20, 30 or 40 percent, but at the end of the day you can afford to spend 20 percent on tenant improvements. This can make space meaningful and valuable and work in the way you want it to work.\u201d<\/p>\n\n\n\n
Rajagopal compared companies\u2019 real estate costs to their human resources costs: \u201cIn reality real estate costs are a fraction of the people costs: Recruiting, retaining, salary, benefits. It makes me think that real estate optimization and rightsizing are distractions. Any thoughts on that?\u201d<\/p>\n\n\n\n <\/figure>\n\n\n\n\u201cI think the distractions question is super loaded with the whole work\/life balance thing,\u201d Bravin volunteered. \u201cPeople need to know where their roadmap is going, not just the company, but if you take that down to a smaller level, what does that mean for my career? Where can I go here, and does the company care about me?\u201d<\/p>\n\n\n\n
\u201cWe\u2019ve really pivoted our real estate model,\u201d Lozzi said. \u201cWe have two really large spaces on each coast, but then across the middle of the country and then internationally, we\u2019ve built really smaller real estate footprints to serve the need and test that out. And speaking of people, there are greatly different work styles between employees in the U.S. and those overseas, wildly so.\u201d<\/p>\n\n\n\n
Toward the end of the discussion, Rajagopal threw in the idea of companies\u2019 subsidizing employees for computers, printers and so forth in their home offices.<\/p>\n\n\n\n
\u201cI know it\u2019s a bigger can of worms than we want to open at the moment,\u201d he said. But, like the larger conflict over how\u2014and whether\u2014to return to the office, \u201cIt\u2019s a question that won\u2019t go away.\u201d<\/p>\n\n\n\n
\n\n\n\nThe Think Tank discussions were held on May 5, 12, and 19. The conversations were presented in partnership with Arden Studio<\/a>, CertainTeed<\/a>, Grohe<\/a>, and Garden on the Wall<\/a>.<\/p>\n\n\n\n